Our Client
A family-owned Italian Sausage company that specializes in producing sausages sold in grocery stores. Their primary focus is ensuring fast delivery to distributors, accomplished through the use of their own fleet of trucks. They maintain control over the logistics process to guarantee efficient distribution of their products.
Challenges
The company aimed to secure financial stability as its longstanding bank imposed stricter credit terms. They sought a $1,000,000 credit line to maintain steady cash flow and support their expanding operations. The manufacturer looked for a lender capable of promptly addressing their financing requirements.
Porter Capital’s Solution
In order to come up with a swift and effective solution, Porter Capital facilitated a preliminary phone call with the company to understand their needs and goals. Once their situation was carefully understood, the Porter team tailored a financial plan where operational stability took priority.
Outcome
Collaboration among Porter Capital’s sales, operations, and underwriting teams, together with the client’s CFO, facilitated effective deal negotiations and ensured deadlines were met for a timely completion. Through this partnership with Porter Capital, the client secured reliable cash flow crucial for financial planning and operational consistency.
This financial stability allowed the client to maximize cash usage. Rather than waiting more than six months for payments, they now receive upfront cash, empowering them to pursue larger projects with improved profit margins.
Conclusion
Collaborating with Porter Capital was pivotal in overcoming the client’s financial hurdles. By restructuring their current debt through Porter Capital, the client not only obtained vital funding but also opened avenues for expanding their business and achieving stronger financial footing. With dedicated attention to the client’s requirements, Porter Capital delivered a customized solution that empowered the client to pursue larger projects with increased profitability.
Porter Capital Can Help Fund Your Business Growth
If you are a business owner looking for working capital, invoice factoring, or in a situation similar to our new sausage manufacturing client, please visit our Apply Page.
If you are a broker looking for solutions to meet the needs of prospects who do not qualify for traditional financing, you can submit a referral for review on our Partner Page. Our team would welcome the opportunity to find the right financial solution to best fit your client’s needs.
